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CONNECTICUT CLEAN ENERGY FUND CALLS FOR APPLICATIONS FOR $21 MILLION ON-SITE RENEWABLE DG PROGRAM

Financial support available to help commercial, industrial and institutional users install equipment

Rocky Hill, Conn., Dec. 5, 2005 – The Connecticut Clean Energy Fund today announced that it is accepting applications for its new On-site Distributed Generation Program. The program makes nearly $21 million available to reduce the cost of installing equipment to generate clean and renewable energy at commercial, industrial and institutional facilities.

The On-site Renewable Distributed Generation (DG) Program is a flexible financial support program designed to encourage businesses, factories, hospitals, universities and other users to install equipment that produces electricity using clean, renewable technologies such as fuel cells and solar photovoltaic systems. Through the program, the Fund will help defray the cost to the user of such equipment, making the project more economically feasible.

“This innovative program is one more way the Connecticut Clean Energy Fund is working to make clean energy a larger part of Connecticut’s energy mix,” said Lise Dondy, chief operating officer of the Connecticut Clean Energy Fund. “By making clean energy installations more affordable, we will increase the number in operation in the state. This will call attention to the effectiveness of today’s clean energy technologies and enhance Connecticut’s energy independence.”

Ratepayers that install clean energy equipment benefit from more predictable energy costs, greater electric reliability and reduced consumption of energy from the grid.

Program details, instructions and applications are available online at www.ctcleanenergy.com or by writing to the Connecticut Clean Energy Fund, 200 Corporate Place, 3rd Floor, Rocky Hill, CT, 06067.

The Connecticut Clean Energy Fund was created by the Connecticut General Assembly and is administered and managed by Connecticut Innovations, a quasi-public state agency. CCEF promotes the development and commercialization of clean energy technologies and fuel cells and stimulates markets for electricity from clean and renewable sources. CCEF’s main goals are to create clean energy supply for Connecticut, develop clean energy technologies and educate residents about clean energy’s importance to the state’s energy future. CCEF’s funding comes from a surcharge on electric ratepayers’ utility bills.

Connecticut Innovations (CI) stimulates high-tech growth by investing in early-stage Connecticut technology companies, providing both the equity capital and the guidance they need to succeed. CI is a quasi-public organization whose mission is to strengthen Connecticut’s economy by accelerating the growth of a vibrant high-technology community. Since 1995, CI has been the state’s leading investor in high technology, investing more than $133 million in Connecticut technology companies.